November 18, 2011

NIFTY Analysis


  • Price having broken 61.8% may come down towards 78.6% or the GAP shown in the same chart.
  • Stochastic is oversold, In a trending market trades taken based on oversold indicators mostly hits the stop loss. So its better to wait for that daily green candle which may hint of a pause in falling.
  • Last 3 months price has tested sub 4800 levels when ever it falls below 5 month low ema. So price may keep falling once it sustains below 5 month low ema.
  • S&P 500 EOD ANALYSIS
  • SILVER CHART ANALYSIS

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